top of page
  • Deborah

On December 20, the European Banking Authority (EBA) published a draft regulatory technical standard (RTS) (‘the draft RTS’) setting up a central database on anti-money laundering and countering the financing of terrorism (AML/CFT).


The draft RTS also specifies when a weakness must be considered material, the type of information collected, how the information in the database will be analysed and disseminated by the EBA.


Considered as an ‘early warning tool’ by the EBA, the central database will facilitate the exchange of information between competent authorities, a prerequisite in strengthening AML/CTF supervision as well as preventing and countering ML/TF in the EU.


The EBA will submit these draft RTS to the European Commission for approval.


Recent Posts

See All

Information, Communication Technology (ICT) systems, generally includes all hardware, software, applications and systems that combined enable people and organizations to communicate digitally. ICT enc

25 January 2023 - Comments requested on Financial Conduct Authority (FCA) proposed Sustainability Disclosure Requirements (SDR) and investment labels. 6 February 2023 - Comment period closes for the u

Last November, 2022 the Bank for International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) published their Level 3 assessment of cyber resilience on 37 Finan

bottom of page